EGLDUSDT trade ideas
EGLD analysis from 4HR to 30min time frameBINANCE:EGLDUSDT
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Let's have an analysis for EGLD.
I'll do the analysis from large time frame to small time frame, and try to find out what happened to EGLD recently.
4HR time frame:
As the figure above, we can see that there was an OBV top divergence (also overbought in LS_AUX indicator), which leads to the price dropped.
After that, it got supported by the strongsupport zone (also oversold in LS_AUX ), and entered the consolidation mode.
30min time frame:
In this time frame, we can see that it always rebounds when LS_Main and LS_AUX enter the overbought/oversold zone.
We can't sure which direction EGLD might go in the future. However, there are still something we konw.
(1) there is a strong support zone at around $232.5. It's hard to break through the support zone.
(2) there is a resistance line in 30min time frame.
In my opinion,
EGLD is more likely to rise and break through the resistance line due to the following reasons,
(1) Through consolidation, EGLD has left the overbought zone, which gives it the power to continue to rise.
(2) the support zone is plotted in 1-day time frame, which is more stronger than the resistance line plotted in 30min time frame.
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EGLD Short termEGLD Short term
*DISCLAIMER*
I am not a financial advisor. The content I create should not be considered financial advice, and is for entertainment purposes only! This is a video for entertainment purposes ONLY. If stocks are mentioned on this videos, I may have an ownership interest in them (i.e. bought some shares) so please DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified appropriate professional for the subject you would like help with financial advice
EGLDUSDT - LONGBased on technical factors there is a long position in EGLDUSDT Elrond
EGLDUSDT Elrond
Score 2️⃣
🔵Long Now or set on Key Level 232.00
🟢Target 1 244.00
🟢Target 2 260.00
❌Stop loss 226.00
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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EGLD Short termEGLD Short term
*DISCLAIMER*
I am not a financial advisor. The content I create should not be considered financial advice, and is for entertainment purposes only! This is a video for entertainment purposes ONLY. If stocks are mentioned on this videos, I may have an ownership interest in them (i.e. bought some shares) so please DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified appropriate professional for the subject you would like help with financial advice
EGLD Broke its downtrend. Let's go ($1000) 🚀This is just the beginning of the core activity of the Elrond ecosystem
Also, EGLD was recently listed on Huobi Global
EGLD now in a good zone to buy and I think by the end of 2022 it can reach $1000
Bitcoin is also close to its support (chart below) which is a good sign
However, BTC is not in good days and its better to be careful
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EGLD to 750 conservatively by mid next year EGLD if you follow the monthly log chart is in a serious upward trend.
I expect a good year for crypto in the first half of 2022 with adoption for the Elrond Network Growing Exponentially.
My conservative price target is $750 mid next year, and if things go well $1750, with a moon boy target of $3000 plus
$EGLD LOOKING GOOD TO BUYThe green zone is the support and an opportunity for buying. I think the price will start an upward movement with the breaking of the ongoing falling trend from the ATH level. Red areas will appear as resistance and are suitable to take profit. My first target in the short term is $329.
Yeşil bölge alım için uygun destek bölgesi. ATH seviyesinden süregelen düşen trendin kırılımı ile yükseliş hareketine başlayacaktır. Kırmızı alanlar direnç olarak karşımıza çıkacak olup kar almak için uygun yerlerdir. Kısa vadede benim ilk hedefim $329.